Misfit's Midday Musings
posted on
Sep 20, 2007 09:36AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
It has been a month since we last heard about Windfall and boy, what a month.
August 20 was one of the few days when the stock dipped under .40 cents. The reason I cannot afford more NOT today is that I used up all of the money (investment money that is, I still have money for food and gas) to buy more shares under .40 cents, like many of the regulars on here. It was a liquidation sale if there ever was one.
Anyway, I am actually a little relieved to see the pullback. Don't get me wrong, I loved to see the $4 share price. But having the pullback and breather now before the hole 5 results (with all of the exposure the last halt provided) is much better than the stock dropping sharply after hole 5 results if the price was spec'd too high. We are now at a place where we will see a good increase post Hole 5 then a drop which would have proven to be negative to new investors.
Regardless, the price seems to want to settle over 3.20, which is still an 8 bagger since a month ago. That's 800% for the newbies.
What other stock has provided this recently. The great thing is that we still have a lot more exciting news to look forward to in the next few months.
I encourage all to have fun viewing the SP. I know a lot is riding on this for everybody. It is the difference between making some good cash to spend on some toys to creating some major life changes (paying off mortgages, retiring early for some, ...) If the reserves at Double Eagle and Windfall are as great as their drill results, then we will have hit the once in a lifetime stock people dream about, and the once in a lifetime life.
My wife and I talked last night and agreed to hold long-term. At least until April when I expect we will hear results from the ramping bulk samples at Windfall. If the price is still at $3.20 at that point, so be it. I will have only missed out making 2.75% at ING for six months. If the price is $50, then our lives will have changed for a lifetime.
The nice things about shorters and manipulators at the moment is that it is allowing our friends and family to get in on the new ground floor. I would rather see them get in at $3 than $5, $6, or $10. We will get to those numbers soon enough anyway. Most of the brotherhood do not plan on selling for a long time anyway, so why not be happy to see others able to get in along the way. Sure it is not at .40 cents, but then we were holding a lot of risk in our so called bags back then (did I tell you I like being a NOT bagholder. I have been one since November 2006 when the stock was at .185). With what I saw in the video, and as Bravekind discussed, the risk to reward ratio is still very much in our favor.
So watch the jumps and dips like a video game. Distance yourself from the portfolio values as that just creates stress. If you need the money, cash out. If you can let it sit for awhile, there is nothing you can do to influence the price outside of posting good comments here and other sites and reminding people why this company has the real goods. The rest is done by the institutions with big money who sell to the next set of retailers looking for a good thing.
Onwards and upwards,
M1.